RISK ASSESSMENT OF ROAD CONSTRUCTION PROJECTS USING EXPECTED VALUE MODEL

Journal
Scientific Journal of Civil Engineering
Date Issued
2020-12
Author(s)
Naumovski Mihail
Lazarevska Marijana
Abstract
Risks can occur during any phase of road
construction project, they cannot be completely
avoided, but with proper risk management
model they can be put to minimum. Risk
assessment enables proper project
management and helps the road construction
managers in the decision-making process in
order to avoid or decrease the negative effects
and/or outcomes of any possible negative risks.
The Expected Value Model refers to risk
assessment by determining the severity of the
consequences caused by the risk itself. This
paper presents the benefits of risk assessment
for achieving a quality realization of road
construction projects. The main goal is to show
the application of The Expected Value Model
(EVM) and its implementation on a road
construction project.
Subjects

risk assessment

expected value model

road construction pro...

File(s)
Loading...
Thumbnail Image
Name

volume-9-issue-2-risk-assessment-in-road-construction-projects-using-expected-value-model.pdf

Size

362.37 KB

Format

Adobe PDF

Checksum

(MD5):3b82888a063f3c60fdba3e08dcdf7da3